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/biz/ - Business & Finance

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50137211 No.50137211 [Reply] [Original]

Let's say LUNC hits $1 and I wanna sell 1 million WLUNA on uniswap. When I type big numbers into uniswap the price impact gets bigger and the amount of eth or usdt or whatever I get for it gets smaller. My question is: would it I get more by selling 500k on uniswap and 500k on pancakeswap? or can I just stay on uniswap and sell a bunch for eth with minimum price impact and then sell a bunch for usdt with minimum price impact, then sell a bunch for some other erc20, etc. and get a similar amount? Does it matter which erc20 I choose as long as it has high liquidity? As a burger I can't use binance or kucoin or any other cex to sell.

>> No.50137259

>>50137211
Kraken allows burgers. Unless your live in New York, in which case you should kys.

>> No.50137329

just sell your 500k over a day or two to minimize impact. either use a TWAP (time-weighted average price) or VWAP (volume-weighted average price) order. that's assuming you need to deal woth such size kek

>> No.50137340

>>50137211
>Let's say LUNC hits $1
kek

>> No.50137388

>>50137340
>kek
KEK

>> No.50137544

>>50137329
what if I want to sell it all the same day? do I need to use multiple dexes to get the most out of my swaps?

>> No.50137573
File: 134 KB, 886x665, F5FBB861-CA65-4033-AB87-209C5BA58F61.jpg [View same] [iqdb] [saucenao] [google]
50137573

>kek reality starting to kick in
we all have to wake up from our dreams at some point

>> No.50137632

>>50137573
... to see our dreams become reality.

>> No.50137666

>>50137211
You are going to want to sell this on CEXs as there isn't nearly enough liquidity on swaps.

>> No.50138705
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50138705

>>50137666